Company No: 13304754 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	439,898		195,000
		439,898		195,000
Current assets
Debtors	4	52,489		6,712
Cash at bank and in hand		21,777		20,756
		74,266		27,468
Creditors: amounts falling due within one year	5	( 480,862)		( 197,184)
Net current liabilities		(406,596)		(169,716)
Total assets less current liabilities		33,302		25,284
Provision for liabilities	6	( 2,600)		( 2,600)
Net assets		30,702		22,684
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account	8	30,602		22,584
Total shareholders' funds		30,702		22,684

Included within the profit and loss account of £30,158 is £11,215 (2025: £11,231) of non-distributable reserves. This is in respect of the property revaluation, after provision for deferred tax.

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of NISARO Limited (registered number: 13304754) were approved and authorised for issue by the Board of Directors on 15 October 2026. They were signed on its behalf by:

Mr N R Fowler Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

NISARO Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 3 Swifts Units, Pound Lane, Exmouth, EX8 4NP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. The financial statements have therefore been prepared on a going concern basis.

Turnover

Turnover is stated net of VAT and represents rental income receivable. Rental income receivable is accounted for in the period to which it relates.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Investment property		Total
	£		£
Cost
At 01 April 2025	195,000		195,000
Additions	244,898		244,898
At 31 March 2026	439,898		439,898
Accumulated depreciation
At 01 April 2025	0		0
At 31 March 2026	0		0
Net book value
At 31 March 2026	439,898		439,898
At 31 March 2025	195,000		195,000

The directors have considered the investment property value at the balance sheet date. The directors believe that the property's open market value is £439,898 as at the balance sheet date and have therefore reflected this within these accounts accordingly.

4. Debtors

	2026		2025
	£		£
Trade debtors	4,200		5,356
Prepayments and accrued income	2,261		1,356
VAT recoverable	46,028		0
	52,489		6,712

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Taxation and social security	1,957		3,875
Other creditors	478,905		193,309
	480,862		197,184

6. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 2,600)		0
Charged to the Profit and Loss Account	0		( 2,600)
At the end of financial year	( 2,600)		( 2,600)

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary share shares of £ 1.00 each	100		100

8. Distributable Reserves

Included within the profit and loss reserve account of £30,158 is £11,231 (2025: £11,231) of non-distributable reserves. This is in respect of the property revaluation, after provision for deferred tax.